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Income Tax - Highlights / Catch Notes

Home Highlights July 2011 Year 2011 This

Amount paid as discounting charges is not an interest since it ...


Discounting Charges Not Considered Interest; No TDS Deduction Required for These Payments Under Tax Law.

July 15, 2011

Case Laws     Income Tax     HC

Amount paid as discounting charges is not an interest since it is not in respect of any debt incurred or money borrowed – TDS is not required to be deducted.

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